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    Venezuela crisis #2

    magnumcromagnon
    magnumcromagnon


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    Venezuela crisis #2 Empty Venezuela crisis #2

    Post  magnumcromagnon Sat Mar 12, 2022 2:23 am

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    Kiko
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    Venezuela crisis #2 Empty Re: Venezuela crisis #2

    Post  Kiko Fri Apr 08, 2022 11:32 pm

    One of the world’s most sanctioned nations set for an economic miracle – report. 08.04.2022.

    Credit Suisse expects the Venezuelan economy to surge 20% this year.

    Venezuela’s economy is poised to grow by as much as one-fifth in 2022 as a surge in production of crude triggers an eye-popping rebound for the nation’s GDP, which saw a dramatic decline amid US sanctions, according to Credit Suisse economist Alberto Rojas.

    “These are not typos! If we are accurate, these might end up being among the strongest growth prints globally for these years,” Rojas wrote in a research note seen by Bloomberg.

    “However, we want to be clear, high growth prints should come as no surprise after the Venezuelan economy hit rock bottom in 2020,” the note published on Wednesday reads.

    The analyst added that tax collections in dollar terms in 2022 could see an enormous growth of more than 40%, while the country’s imports could expand over 15%.

    Meanwhile, Venezuela will reportedly record a current account surplus of about $4 billion. The country managed to lower its year-end annual headline inflation forecast to 70%, from a previous projection of 150%.

    The economy of the Bolivarian Republic has been under severe pressure in recent years, with the situation severely deteriorating after the US slapped the country with sanctions in 2019. The current penalties place Venezuela in fifth place in the global ratings of the most sanctioned nations.

    At the time, the US and its allies recognized opposition leader Juan Guaido as the country’s legitimate president, following allegations of election rigging. Washington then ordered a freeze on all Venezuelan government assets in the US, and barred transactions with US citizens and companies. The UK joined in by freezing the country’s gold reserves held at the Bank of England.

    The nation has been suffering from hyperinflation, which reportedly hit 3,000% in 2020. According to Credit Suisse, the Ukraine-related crisis may trigger a “re-composition” in the global supply of crude oil, supporting moves to find a resolution to the Venezuelan crisis, with Nicolas Maduro expected to “find common ground” with Washington.

    https://www.rt.com/business/553472-venezuela-sanctions-economic-growth/

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    GarryB
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    Venezuela crisis #2 Empty Re: Venezuela crisis #2

    Post  GarryB Sat Apr 09, 2022 4:55 am

    It is not rocket science... country that relies on oil exports for income struggles when oil prices very low... US sanctions make this worse.

    Oil price recovers and the country mostly recovers... which seems to mean finding common ground with Washington redundant.... the fact that Washington wants cheaper oil and wants it from Venezuela so it can reduce what it buys from Russia and Iran is not great surprise, but why would Venezuela help the US after the BS it has put them through these last few years... these last few centuries.

    Washington can make all sorts of promises but Venezuela would be better looking for allies locally in central and south america and also in Russia and India and China and the rest of the world outside the west which has proven to be evil... how many Venezuelans suffered and died because of the BS the US has been pulling?

    Screw them.

    Make them buy Venezuelan oil in the local currency... no more accepting US dollars that can be stolen... hell make them pay in gold to be shipped to Venezuela... and make them return the gold that was stolen from them first before any other progress can be considered.

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    Kiko
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    Post  Kiko Wed May 18, 2022 12:49 am

    That is, the Fourth Reich in Washington:

    Caracas confirms that Washington authorized US and European oil companies to "negotiate and restart operations" in Venezuela, 17.05.2022.

    The vice president of Venezuela, Delcy Rodríguez, confirmed on Tuesday that the US government authorized American and European oil companies to "negotiate and restart operations" with the South American country, this in the midst of a complex package of sanctions that Washington has imposed against Caracas for at least a decade.

    "The Bolivarian Government of Venezuela has verified and confirmed the news published to the effect that the United States of America has authorized American and European oil companies to negotiate and restart operations in Venezuela," Rodriguez said via Twitter.

    The high official pointed out that her country "aspires" that this type of US decisions "begin the way for the absolute lifting of illicit sanctions" that affect the Venezuelan population.

    Yandex Translate from Spanish

    https://actualidad.rt.com/actualidad/430110-caracas-eeuu-autorizar-empresas-petroleras-negocios-venezuela

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    Kiko
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    Venezuela crisis #2 Empty Re: Venezuela crisis #2

    Post  Kiko Thu Sep 29, 2022 8:26 pm

    Maduro says Venezuela is making progress in overcoming the US blockade and recovering its economy, 09.29.2022.

    CARACAS (Sputnik) - The President of Venezuela, Nicolás Maduro, said that his country is moving along the right path to overcome the blockade imposed by the United States and recover its economy. His words come in a context of high economic growth that reached almost 20% in the first two quarters of 2022.

    "Two years ago I presented to the people and the ANC [National Constituent Assembly], the Anti-Blockade Bill to overcome the effects of the US Government's aggressions against Venezuela. Today we can say that we are on the right path, overcoming the criminal blockade and recovering the economy," the president said through his Twitter account.

    In October 2020, the National Constituent Assembly of that time approved the Anti-Blockade Law presented by Maduro to face the coercive and unilateral measures imposed by foreign governments against his country.

    This legal instrument establishes legal tools to "effectively counteract, mitigate and reduce the harmful effects generated by the imposition of unilateral coercive measures emanating from other states".

    After the promulgation of this law, Maduro indicated that his country received proposals from private investors from Russia, China, Turkey and Iran, who wanted to do business in the various areas of the Venezuelan economy.

    In the first quarter of this year the growth of the economy was 17.4%, according to the Central Bank of Venezuela (BCV). In addition, the main banking entity in the country projected a growth of 18.7% for the second quarter of 2022.

    The estimates of international organizations on the economic growth of Venezuela for this year range from five to 20%.
    2021 was the first year of growth since the so-called war of "North American imperialism" began, according to Maduro.

    After four years, Venezuela managed to get out of hyperinflation in 2021, spending 12 months with inflation below 50%, according to the BCV.

    More than 900 coercive measures are weighing on Venezuela, which led to a 99% reduction in its revenues, according to the government.

    Yandex Translate from Spanish

    https://sputniknews.lat/20220929/maduro-afirma-que-venezuela-avanza-en-vencer-el-bloqueo-de-eeuu-y-recuperar-su-economia-1130988302.html

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